EURUSD: New Lows This Week

As expected, we saw strong resistance at 1.17806 last week, which may push price to new lows. The daily down trend is still intact, from our mid-March highs of around 1.2: So we’re still targetting 1.16163 from our high time frames. And possibly as low as 1.15538, where we can expect to see plenty of …

EURUSD: Scenario B Playing Out?

A reminder of our EURUSD prediction for the next few days: The scenario A pattern didn’t play out. But as expected, we’re now seeing resistance at 1.17806. If they reject this I’m hoping for a dump to 1.16163. If they break higher, expect resistance in the 1.18051 area. On the lower time frame we see …

EURUSD: More Downside to Come?

Welcome to April. So the 3-month and 1-month candle has painted. Price action is currently holding around the 1.17191 area, but for how long? This is a significant level, but I’m not convinced it’ll end up being our local low. I’m more interested in 1.16163 for a reversal. How high can we bounce? I think …

EURUSD: High Time Frame Analysis

As you’d expect, EURUSD is pretty clean when you zoom out to the high time frames. Starting on the 12-Month chart – from the lows of 2000 they rallied to 1.6 in 2008: After 6 years of holding 1.28651, it was finally broken in 2014. Signalling the end of the 12-Month bull trend. Price then …